30 Ratings
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Score 8.6 out of 100
53 Ratings
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Score 8 out of 100

Feature Set Ratings

    Payroll Management

    AvidXchange

    Feature Set Not Supported
    N/A
    8.1

    Workday Financial Management/Revenue Management

    81%
    Workday Financial Management/Revenue Management ranks higher in 5/5 features

    Pay calculation

    N/A
    0 Ratings
    8.0
    80%
    4 Ratings

    Benefit plan administration

    N/A
    0 Ratings
    8.0
    80%
    4 Ratings

    Direct deposit files

    N/A
    0 Ratings
    8.5
    85%
    4 Ratings

    Salary revision and increment management

    N/A
    0 Ratings
    8.0
    80%
    3 Ratings

    Reimbursement management

    N/A
    0 Ratings
    8.0
    80%
    4 Ratings

    Customization

    AvidXchange

    Feature Set Not Supported
    N/A
    8.8

    Workday Financial Management/Revenue Management

    88%
    Workday Financial Management/Revenue Management ranks higher in 2/2 features

    API for custom integration

    N/A
    0 Ratings
    8.7
    87%
    4 Ratings

    Plug-ins

    N/A
    0 Ratings
    9.0
    90%
    4 Ratings

    Security

    AvidXchange

    Feature Set Not Supported
    N/A
    9.3

    Workday Financial Management/Revenue Management

    93%
    Workday Financial Management/Revenue Management ranks higher in 2/2 features

    Single sign-on capability

    N/A
    0 Ratings
    9.5
    95%
    6 Ratings

    Role-based user permissions

    N/A
    0 Ratings
    9.0
    90%
    5 Ratings

    Reporting & Analytics

    AvidXchange

    Feature Set Not Supported
    N/A
    8.9

    Workday Financial Management/Revenue Management

    89%
    Workday Financial Management/Revenue Management ranks higher in 3/3 features

    Dashboards

    N/A
    0 Ratings
    9.0
    90%
    7 Ratings

    Standard reports

    N/A
    0 Ratings
    8.8
    88%
    7 Ratings

    Custom reports

    N/A
    0 Ratings
    9.0
    90%
    7 Ratings

    General Ledger and Configurable Accounting

    AvidXchange

    Feature Set Not Supported
    N/A
    7.9

    Workday Financial Management/Revenue Management

    79%
    Workday Financial Management/Revenue Management ranks higher in 11/11 features

    Accounts payable

    N/A
    0 Ratings
    7.0
    70%
    4 Ratings

    Accounts receivable

    N/A
    0 Ratings
    7.0
    70%
    4 Ratings

    Expense management

    N/A
    0 Ratings
    8.0
    80%
    1 Rating

    Global Financial Support

    N/A
    0 Ratings
    8.3
    83%
    5 Ratings

    Primary and Secondary Ledgers

    N/A
    0 Ratings
    8.3
    83%
    5 Ratings

    Intercompany Accounting

    N/A
    0 Ratings
    8.5
    85%
    5 Ratings

    Localizations

    N/A
    0 Ratings
    7.5
    75%
    3 Ratings

    Journals and Reconciliations

    N/A
    0 Ratings
    6.5
    65%
    4 Ratings

    Configurable Accounting

    N/A
    0 Ratings
    9.0
    90%
    6 Ratings

    Centralized Rules Framework

    N/A
    0 Ratings
    8.5
    85%
    6 Ratings

    Standardized Processes

    N/A
    0 Ratings
    8.5
    85%
    6 Ratings

    Inventory Management

    AvidXchange

    Feature Set Not Supported
    N/A
    9.0

    Workday Financial Management/Revenue Management

    90%
    Workday Financial Management/Revenue Management ranks higher in 3/3 features

    Inventory tracking

    N/A
    0 Ratings
    9.0
    90%
    1 Rating

    Automatic reordering

    N/A
    0 Ratings
    9.0
    90%
    1 Rating

    Location management

    N/A
    0 Ratings
    9.0
    90%
    1 Rating

    Order Management

    AvidXchange

    Feature Set Not Supported
    N/A
    8.5

    Workday Financial Management/Revenue Management

    85%
    Workday Financial Management/Revenue Management ranks higher in 1/1 features

    Credit card processing

    N/A
    0 Ratings
    8.5
    85%
    3 Ratings

    Attribute Ratings

    • AvidXchange is rated higher in 2 areas: Likelihood to Recommend, Usability
    • Workday Financial Management/Revenue Management is rated higher in 1 area: Support Rating

    Likelihood to Recommend

    9.0

    AvidXchange

    90%
    18 Ratings
    8.3

    Workday Financial Management/Revenue Management

    83%
    7 Ratings

    Likelihood to Renew

    8.2

    AvidXchange

    82%
    5 Ratings

    Workday Financial Management/Revenue Management

    N/A
    0 Ratings

    Usability

    8.2

    AvidXchange

    82%
    1 Rating
    7.8

    Workday Financial Management/Revenue Management

    78%
    4 Ratings

    Availability

    9.0

    AvidXchange

    90%
    2 Ratings

    Workday Financial Management/Revenue Management

    N/A
    0 Ratings

    Performance

    8.0

    AvidXchange

    80%
    2 Ratings

    Workday Financial Management/Revenue Management

    N/A
    0 Ratings

    Support Rating

    8.2

    AvidXchange

    82%
    4 Ratings
    8.5

    Workday Financial Management/Revenue Management

    85%
    4 Ratings

    Implementation Rating

    7.3

    AvidXchange

    73%
    2 Ratings

    Workday Financial Management/Revenue Management

    N/A
    0 Ratings

    Likelihood to Recommend

    AvidXchange

    AvidXchange is well suited for companies with multiple locations where approvals may be hard to get directly. A user can log on when they have time basically from anywhere to review, code and approve invoices. This would allow for processing of invoices centrally more efficiently then with appear invoices being moved from one place to another to be processed
    Brian Murphy | TrustRadius Reviewer

    Workday Financial Management/Revenue Management

    Financial reporting is sometimes tricky in our field because
    some oil and gas fields are depleted, and the standard methods of activating
    abandoned oil wells will have high-cost variability. Therefore, in this scenario, Workday Financial Management made internal financial reporting statements pretty seamless, where initial
    bid and field cost can be incorporated very easily in an asset-wise manner.
    Also, cloud-based sharing was never a problem, and our lease operators never had
    a problem understanding which reports belong to which asset.
    Anonymous | TrustRadius Reviewer

    Pros

    AvidXchange

    • Our contractors and vendors can submit invoices electronically through AvidBill, removing the tedious task of sorting and coding mail. This feature saves on time and administrative duties.
    • Communication is key, and being able to log a comment or question in AvidInvoice allows for clarification and expedited approval process.
    • Having multiple properties, having the Property Code and % Allocation features allow us to ensure the correct entity is charged it's portion of expenses. For example, we may have a service that is coded to all 32 properties. With AvidInvoice we are able to allocate each entity's pro rata share of the invoice.
    Christina Honthy-Little | TrustRadius Reviewer

    Workday Financial Management/Revenue Management

    • Workday is very organized and user friendly. I haven't heard this from any of my co workers that they faced a hard time navigating around or getting technical support.
    • The platform offers variety of options for the company to offer to their employees. This includes easy access to their time off balance, hours they have worked, and accessing pay stubs any time.
    • One of the biggest thing I notice on a lot of technical platforms is that they don't notify their users of any updates they may be making on their website but workday does a great job of notifying its user way ahead of time of any updates they may be doing
    Zahra Najib | TrustRadius Reviewer

    Cons

    AvidXchange

    • AvidPay needs some improvement to minimize the amount of time it takes to issue payment for invoices
    • The search features within AvidXchange on the advanced search screen sometimes do not function correctly (sorting by ascending / descending order doesn't work all of the time).
    • The log enhancement follow-up procedure could use some work.
    Suzanne Crockett | TrustRadius Reviewer

    Workday Financial Management/Revenue Management

    • We were surprised by the lack of user guides and supporting information for day-to-day users. Granted, we could find this, but our users like guides.
    • The system could improve with contact help and chat functions if you need the answers quickly. We figured this would all have been built in.
    • Quite surprised by the lack of treasury management functionality. SAP and Oracle have it, although their modules are not that comprehensive or user friendly.
    Anonymous | TrustRadius Reviewer

    Pricing Details

    AvidXchange

    General

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services
    Entry-level set up fee?
    No

    Starting Price

    $5,000 per license

    AvidXchange Editions & Modules

    Edition
    AvidXchange$5,0001
    1. per license
    Additional Pricing Details

    Workday Financial Management/Revenue Management

    General

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services
    Entry-level set up fee?
    No

    Starting Price

    Workday Financial Management/Revenue Management Editions & Modules

    Additional Pricing Details

    Likelihood to Renew

    AvidXchange

    AvidXchange 8.2
    Based on 5 answers
    At the moment we have a contract for another year, we are hoping there is improvement with the company to decide if we stay with them or change.
    Anonymous | TrustRadius Reviewer

    Workday Financial Management/Revenue Management

    No score
    No answers yet
    No answers on this topic

    Usability

    AvidXchange

    AvidXchange 8.2
    Based on 1 answer
    Except the one difficult/cumbersome point I made, it is a strong, solid, easy-to-use system.
    Richard Maritt, CMCA, AMS | TrustRadius Reviewer

    Workday Financial Management/Revenue Management

    Workday Financial Management/Revenue Management 7.8
    Based on 4 answers
    Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
    Anonymous | TrustRadius Reviewer

    Support Rating

    AvidXchange

    AvidXchange 8.2
    Based on 4 answers
    Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests.
    Richard Maritt, CMCA, AMS | TrustRadius Reviewer

    Workday Financial Management/Revenue Management

    Workday Financial Management/Revenue Management 8.5
    Based on 4 answers
    Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
    Anonymous | TrustRadius Reviewer

    Alternatives Considered

    AvidXchange

    We are presently evaluating a move to Concur Invoice, not because of any real lack of functionality from AvidXchange, but simply because we have other business functions already on Concur Invoice. From what we have seen so far, the functionality is similar, though I believe Concur Invoice is more expensive.
    Anonymous | TrustRadius Reviewer

    Workday Financial Management/Revenue Management

    I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it!
    Anonymous | TrustRadius Reviewer

    Return on Investment

    AvidXchange

    • AvidXchange allows our office to be more productive on invoice approvals.
    • Overall, AvidXchange is saving us money. We do not have to courier invoices back and forth once signatures have been provided.
    • You can approve invoices from anywhere as long as you have internet access.
    Lori Babaz | TrustRadius Reviewer

    Workday Financial Management/Revenue Management

    • Quick and non-glitchy financial reporting.
    • As more people use it, inter-department talks are always there as HR and Project managers are talking about the same software.
    • The disturbance in service is no longer the problem as It integrates the three different sectors of financial reporting.
    Anonymous | TrustRadius Reviewer

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